Exchange Rate in Saudi Arabia
Saudi Arabia maintains an exchange rate system with full convertibility and no restrictions on capital flows. The riyal has had a de facto peg to the U.S. dollar since 1986 and been officially pegged to the greenback at a rate of SAR 3.75 per USD since January 2003.
The exchange rate ended 2022 at SAR 3.76 per USD, compared to the end-2021 value of SAR 3.75 per USD and the figure a decade earlier of SAR 3.75 per USD. For more exchange rate information, visit our dedicated page.
Saudi Arabia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Saudi Arabia from 2014 to 2023.
Source: Macrobond.
Saudi Arabia Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (SAR per USD, eop) | 3.75 | 3.75 | 3.75 | 3.76 | 3.75 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Saudi Arabian exchange rate projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Saudi Arabian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Saudi Arabian exchange rate projections.
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